Hartsuyker: Self-funded retirees being targeted by govt

LOCAL Federal member Luke Hartsuyker has increasing concerns the Gillard Government will target self-funded retirees to try and prop up their ailing budget.

Mr Hartsuyker was commenting after the Prime Minister Julia Gillard refused to rule out adverse changes to superannuation arrangements now or in the next Parliament.

"With the Gillard Government now facing another budget deficit there are genuine concerns they will again put their hands into the back pockets of ordinary Australians," Mr Hartsuyker said.

"Self-funded retirees have worked hard to fund their own retirement but this government has a track record of hitting those Australians who are making significant personal contributions to their health and financial welfare.

"In Question Time opposition leader Tony Abbott asked the Prime Minister whether she would support the Coalition's commitment to reassure self-funded retirees that there would be no unexpected adverse changes to the superannuation arrangements. The Prime Minister refused to answer the question and did not even mention self-funded retirees in her response."

Many self funded retirees call the Coffs Coast home with many more setting aside their own funds in preparation for their retirement.

A large percentage of superannuation funds that people on the Coffs Coast have invested in have been adversely affected by poor financial returns in recent years.

"It seems grossly unfair that because the Government can't manage its own budget, it seems intent to slug superannuants," the local member said.

"The last thing they need is another kick in the guts to their retirement savings."